Andrea Radrizzani ‘offered Elland Road as security’ in £26m loan to help takeover LUFC
Leeds chairman Andrea Radrizzani reportedly offered up Elland Road as collateral when securing a £26million bank loan to buy Sampdoria., who is the Whites' majority owner, recently announced he had agreed to purchase the newly-relegated Serie A side.Radrizzani offered up the stadium when securing a bank loan of £26m to buy Sampdoria, an agreement in principle saw him offer up Leeds' stadium when acquiring the funds needed to assume control of the Italian outfit.
The news outlet states that Radrizzani took out a £26m loan from Italian bank Banca Sistema - where he was willing to useIt has been said that the ground could act as security for Radrizzani for up to ten years. Though they have declared that it is unknown whether Elland Road was included in the final deal, or if he used a different route to secure the loan.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
All the planned changes as major Leeds slip road near Elland Road to permanently closeA major slip road near Leeds United’s Elland Road is set to permanently close next month as further motorway improvements move forward.
Read more »
Living near Elland Road 'decreases the value of your home by 60%'Betting.com has assessed the impact the country's biggest stadiums have on the neighbouring community
Read more »
Leeds City Council launch 'Being You Leeds' to help city's mental healthThe new 'Being You Leeds' service is designed to help with people's mental wellbeing
Read more »
Man arrested as armed police seal off Leeds roadWitnesses say police asked them to stay inside and report a helicopter was present
Read more »
Cops race to Glasgow street after bus and car crash during rush hourCrews were called to Battlefield Road, at Grange Road, around 4.40pm today.
Read more »
Leeds United fans send simple two-word message to transfer-linked RodrigoThe forward has been connected with a move away from Elland Road following the club's relegation to the Championship with Aston Villa among those reported to be keen
Read more »